By Solomon Odunayo
The world’s first regulated cryptocurrency trading platform based in Germany, Boerse Stuttgart Digital Exchange (BSDEX), has announced that Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP can now be traded against Euro on its platform.
Boerse Stuttgart, the second-largest Germany-based stock exchange has been offering a trade on the first and largest digital currency by market capitalization, Bitcoin (BTC) against Euro, since it founded a crypto trading platform in 2019.
The latest addition of top altcoins such as Ethereum (ETH), Litecoin (LTC), and Ripple’s digital token XRP indicates that the firm is ready to expand its crypto business. Also, it’s introducing an additional feature for easy transactions of cryptocurrencies from a private wallet to BSDEX.
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Ethereum (ETH), Litecoin (LTC), and Ripple’s XRP Trading on BSDEX
For all tradable cryptocurrencies on the trading platform, including Bitcoin (BTC), Ethereum (ETH), Ripple’s XRP, and Litecoin (LTC), users can execute free deposits and withdrawals, with varying fees based on the order type. This is meant to persuade users from pre-established foreign exchanges.
Commenting on the new development, Maximilian von Wallenberg, the CEO of Boerse Stuttgart Digital Exchange GmbH, said:
“We are continuously screening for which cryptocurrencies we can offer reliable and transparent trading at BSDEX. After Ethereum, Litecoin and XRP, further cryptocurrencies and, in the future, other digital assets will follow.”
In 2019, BSDEX also introduced Bison, a cryptocurrency trading application designed for users to buy and sell all digital assets listed on the trading platform.
BSDEX Is Well Regulated In Germany
All banks in Germany received the go-ahead in November 2019 to receive, store, and sell crypto assets starting from 2020. This Law prompted BSDEX to launch its crypto trading platform for the benefit of its crypto-friendly users.
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Back then, the firm wrote as follows:
“The BSDEX meets the regulatory requirement in accordance with section 2, paragraph 12 of the German Banking Act (Kreditwesengesetz) and is operated as a multilateral trading facility by Baden-Wuerttembergische Wertpapierboerse GmbH, which also is the operating company for the public stock exchange in Stuttgart.”
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